BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Risk that a product won’t sell well
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Risk that employees or customers have negative actions
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Risk caused by nature
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Risk caused by the business suffering in the US and world economies
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Detailed explanation-1: -Storms, cyclones, floods, heat waves, volcanic eruptions, earthquakes, tsunamis, landslides, meteorite falls, … are all natural phenomena that contribute to the Earth’s incessant evolution.
Detailed explanation-2: -Natural Hazards can also be divided into rapid onset hazards, such as Volcanic Eruptions, Earthquakes, Flash floods, Landslides, Severe Thunderstorms, Lightening, and wildfires, which develop with little warning and strike rapidly.
Detailed explanation-3: -Environmental risks to health include pollution, radiation, noise, land use patterns, work environment, and climate change. These risks are driven by policies in sectors outside the health sector, such as energy, industry, agriculture, transport, and land planning.
Detailed explanation-4: -Natural risks or nature risks are risks recognized in risk management that are related to the loss of natural assets. They may impact businesses or economies by impacting directly on operations or by negatively affecting society in a way that then creates market risks.